PSEi recovers; peso dips on US tax reform dev’t

MANILA — The Philippine Stock Exchange index (PSEi) recovered Friday after a four-day slip and the peso finished the week little changed against the greenback on positive reports on the proposed tax reforms in the US.

The main equities index rose to 8,311.98 points, up 1.27 percent or 104.64 points.

All Shares followed with a 0.81 percent, or 39.14 points, increase to 4,873.82 points.

Most of the sectors also finished the week up, led by Property which rose 1.44 percent.